Fresh news and strategies for traders. SPY Trader episode #1228. Hey everyone, it's your pal, Wally Pip, here with Spy Trader! It's 12 pm on Tuesday, June 10th, 2025, Pacific time, and let's dive into what's moving the markets today. So, yesterday was a bit of a mixed bag. The Nasdaq squeezed out a gain, the S&P 500 barely budged, and the Dow took a tiny dip. We saw lower than average trading volume, so maybe folks were waiting for today's news. Right now, the S&P 500 is about 2% away from its alltime high. The US500 index is currently sitting at 6022 points, up slightly from yesterday and a good chunk from last year. Okay, so what's making headlines? First up, the U.S. and China are talking trade again in London. Everyone's watching to see if they can agree on stuff like access to rare earth minerals. Also, Apple's developer conference, WWDC, kicked off yesterday. Some investors were a little disappointed, especially since there wasn't a lot of chatter about AI for Siri. But hey, it's still early! Speaking of AI, word on the street is that Mark Zuckerberg at Meta is putting together a 'superintelligence group' to work on general AI. In company news, Taiwan Semiconductor reported a massive 40% jump in May revenue! Tesla's shares are looking good too, maybe because Elon and Trump are playing nice again. Plus, everyone's waiting for Tesla's delivery numbers. On the flip side, J. M. Smucker, the jam folks, are down big ahead of the open. And Regeneron Pharmaceuticals saw its stock climb almost 5%. Now, let's talk big picture. The US/China trade talks are a biggie, like I said. We're all waiting for the May Consumer Price Index (CPI) to drop, that'll tell us a lot about inflation and what the Fed might do next. Speaking of the Fed, most folks think they'll hold steady on interest rates at the next meeting, but a little cut is not out of the question. We also have a 10year Treasury note auction tomorrow, and a 3year auction today. Lower demand here could nudge rates higher, which sometimes rattles the stock market. There are growing signs the economy is slowing down, and rising tariffs might hurt manufacturing and exports. Alright, so what should we do with all this info? Well, I'm feeling cautiously optimistic. The S&P 500 is still close to that record high, but all the trade stuff and economic slowdowns mean we need to be careful. I'd keep an eye on tech stocks, especially anything AIrelated. Consumer Discretionary and Materials sectors also looked good yesterday. Financial stocks might be a bit shaky right now. Keep a close watch on those USChina trade talks, and definitely pay attention to the CPI report and whatever the Fed says. And of course, always diversify your portfolio, and think longterm. Even though things might be bumpy in the short run, most experts think a fullblown recession is unlikely. That's all for today's Spy Trader! I'm Wally Pip, and remember, invest wisely, stay informed, and keep your eye on the ball!